Editing Economy of Trinidad and Tobago (section)

==Tourism==
Tourism is another area which it is believed will soon develop rapidly, and an increased demand for jobs.{{citation needed|date=May 2018}} The European Union Council on Tourism and Trade (EUCTT) has also awarded the nation as being "The Best Tourist Destination for 2012". Local hotels have already begun to make plans to facilitate an influx of European tourists upon the nation receiving this designation.<ref>{{cite web|url=http://www.trinidadexpress.com/news/T_T_is_World_s_Best_Tourist_Destination-131958493.html|title=Trinidad Express Newspapers: – T&T is World's Best Tourist Destination|access-date=11 June 2015|archive-url=https://web.archive.org/web/20160305022050/http://www.trinidadexpress.com/news/T_T_is_World_s_Best_Tourist_Destination-131958493.html|archive-date=5 March 2016|url-status=dead}}</ref> However, the EUCTT is not affiliated with any part of the European Union's Institutions.<ref>{{cite web|url=http://europa.eu/contact/websites/index_en.htm|title=EUROPA – Institutions, bodies & agencies – contact & visit details|date=2 October 2015|access-date=11 June 2015}}</ref> Despite concerns over the global economy, international tourism demand continues to show resilience. The 
number of international tourists worldwide grew by 5% (22&nbsp;million) between January and June 2012, with Asia and 
the Pacific (+8%) leading the growth among the regions. Given this growth rate a total of one billion international 
tourists are expected by the end of 2012. In 2011, the total contribution of World Travel & Tourism to global GDP 
was US$6,346.1bn (9.1% of GDP). 
In 2011, the Caribbean region received 20.9&nbsp;million tourists, a growth of 4.4% over the same period in 2010. The 
Caribbean is the most dependent region on tourism with Travel and Tourism contributing 13.9% (US$47.1bn) to its 
economic output. Trinidad and Tobago received an estimated 402,058 visitors in 2011, representing 2% of all 
Caribbean visitor arrivals. 
Due to the multifaceted nature of tourism, its economic impact is not confined to any single industry. To 
adequately measure the economic impact of the tourism sector, the United Nations World Travel and Tourism 
Council (UNWTO) devised the Tourism Satellite Account (TSA), an extension of the System of National Accounts 
(SNA). The TSA is a detailed production account of the tourism sector showing its linkages to major industries, 
total employment, capital formation and additional macro-economic variables.<ref>{{cite web|url=http://www.tdc.co.tt/tourism_report.htm|title=Welcome to Tourism Development Company Limited!|access-date=11 June 2015|url-status=dead|archive-url=https://web.archive.org/web/20150622034655/http://www.tdc.co.tt/tourism_report.htm|archive-date=22 June 2015}}</ref>

===Tourist arrival statistics===

Most visitors arriving to Trinidad and Tobago on short-term basis in 2014 were from the following countries of nationality:<ref>[http://www.tdc.co.tt/pdf.php?pdf=2.1.4.TnTStopoverMkts95toYTD.pdf  T&T – Stopover Arrivals By Main Markets 1995-YTD] {{webarchive|url=https://web.archive.org/web/20160114224049/http://www.tdc.co.tt/pdf.php?pdf=2.1.4.TnTStopoverMkts95toYTD.pdf |date=14 January 2016 }}</ref>
{| class="wikitable"
|-
|- style="color:white;"
!  style="width:5px; background:#00966E;"|Rank
!  style="width:130px; background:#00966E;"| Country
!  style="width:50px; background:#00966E;"| Number
|- 
|1||United States|| 161,539
|-
|2||Canada|| 54,877
|-
|3||United Kingdom|| 37,473
|-
|4||Guyana|| 23,061
|-
|5||Venezuela || 21,052
|-
|6||Barbados || 11,629
|-
|7||Grenada || 6,922
|-
|8||Germany || 5,154
|-
|9||India || 3,291
|-
||| Total || 324,998
|}